Seeing Machines ( (GB:SEE) ) just unveiled an announcement.
Seeing Machines Limited announced that Istabraq Pty Ltd, associated with CFO Martin Ive, purchased 500,000 ordinary shares at 2.25 pence each, increasing Mr. Ive’s stake to 11,425,726 shares, representing 0.23% of the company’s issued share capital. This transaction, conducted on the London Stock Exchange, highlights insider confidence in the company’s strategic direction and potential growth, potentially impacting investor sentiment positively.
More about Seeing Machines
Seeing Machines Limited, founded in 2000 and headquartered in Australia, is a global leader in vision-based monitoring technology. The company designs AI-powered operator monitoring systems aimed at enhancing transport safety. Its technology portfolio includes AI algorithms, embedded processing, and optics, which are utilized in Driver Monitoring Systems (DMS) to assess driver attention and cognitive state, thereby reducing accident risks. Seeing Machines serves the automotive, commercial fleet, off-road, and aviation industries with offices in Australia, USA, Europe, and Asia.
YTD Price Performance: -49.45%
Average Trading Volume: 6,772,675
Technical Sentiment Signal: Buy
Current Market Cap: £112.5M
See more insights into SEE stock on TipRanks’ Stock Analysis page.